Elevation CLO 2014-3 directed to redeem notes via liquidation

By Wendy Van Sickle

Columbus, Ohio, March 10 – Elevation CLO 2014-3, Ltd. and Elevation CLO 2014-3, LLC received direction from holders of a majority of their subordinated notes to effect a redemption of each class of notes from liquidation proceeds, according to a notice.

The redemption will occur on March 24.

The redemption prices are as follow:

• For the $72,995,076.80 class A-R notes (Cusips: 04280TAJ8, G05090AE8), $73,416,372.45;

• For the $48 million class B-R notes (Cusips: 04280TAL3, G05090AF5), $48,320,275;

• For the $32.4 million class C-R notes (Cusips: 04280TAN9, G05090AG3), $32,665,865.63;

• For the $22 million class D-R notes (Cusips: 04280TAQ2, G05090AH1), $22,231,126.04;

• For the $17.2 million class E-R notes (Cusips: 04280UAJ5, G05088AE2), $17,481,246.88;

• For the $7 million class F notes (Cusips: 04280UAB2, G05088AB8), $7,105,069.27; and

• For the $38.4 million subordinated notes (Cusips: 04280UAC0, G05088AC6), to be determined.

U.S. Bank NA is the trustee.

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